EC Eligibility2018-06-29T15:28:49+00:00

EC Eligibility

Are You Eligible To Buy EC in Singapore?

EC Eligibility

All interested EC buyers are advised to check whether you meet the various EC Eligibility Conditions to buy an Executive Condo in Singapore before you submit your EC application.

EC Eligibility Condition for Buying EC Executive Condo in Singapore can be quite complicated – many different scenarios, many case-by-case situations. You might want to save your time, just give us a call (Joanne Ng 9151 1871) for the quickest reply.

Basic EC Eligibility Conditions For Buying New Launch EC

  • You must form a proper family nucleus
    • Public Scheme
      • You and your spouse, and children (if any). An occupier who is married must also include his or her spouse
      • You (single) and both your parents, and siblings (if any)
      • You (widowed or divorced) and children under your legal custody, care and control
    • Fiancé/Fiancée Scheme
      • You form a family nucleus with your spouse-to-be
      • You and your fiancé or fiancée must be unmarried, widowed or divorced (with Certificate of Making Interim Judgement Final having been granted) at the time of the application.
      • You must produce your marriage certificate for inspection by the Developer, within 3 months after taking possession of the EC unit.
      • If you and your fiancé or fiancée have been given a CPF Housing Grant, you must produce your marriage certificate for inspection by the Developer before you can take possession of the EC unit.
      • If you and your fiancé or fiancée have broken off the relationship and will not be able to submit your marriage certificate, or if the marriage is later annulled, you will not be eligible to buy the EC unit.
        • Upon termination of the Sale and Purchase Agreement, the Developer will be entitled to impose forfeiture amount equivalent to 5% of the EC unit’s purchase price in accordance with the Sale and Purchase Agreement.
        • If you have been given a CPF Housing Grant, You will have to return the CPF Housing Grant together with interest accrued.
    • Orphans Scheme
      • You must be a Singapore Citizen and a single (unmarried, divorced, or widowed), and your single sibling(s) listed as the buyer(s) or proposed occupier(s) must comprise at least one Singapore Citizen or Singapore Permanent Resident.
      • You and your co-buyer(s) must be at least 21 years of age at the time of the application.
      • All of the siblings that are single must be listed in the same application
      • At least one of your late parents must have been a Singapore Citizen or a Singapore Permanent Resident.
      • You and an unrelated orphan who are both Singapore Citizens aged at least 21 at the time of the application can also apply jointly to buy an EC unit under the Orphans Scheme.
    • Joint Singles Scheme
      • You and an unrelated person, both must be single (unmarried, divorced, or widowed)
      • All singles must be Singapore Citizens if applying under the Joint Singles Scheme
      • At least 35 years old at the time of the application
      • Both of you are not eligible the Singles Grant to buy an EC unit
  •  Citizenship
    • You must be a Singapore Citizen
    • At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident (SC/SC or SC/SPR).
  • You must be at least 21 years old at the time of application; At least 35 years old, if applying under the Joint Singles Scheme.
  • Your average gross monthly household income must not exceed S$14,000.
  • You must not own or dispose or have an interest in any private properties within the last 30 months.
  • You have not bought a new HDB/DBSS flat or EC twice (include resale flat with CPF Housing Grant).
  • There are instances where you may need to wait out a set time period before you can apply for a new EC.
    • You, your spouse or an essential occupier have not yet met a current flat’s Minimum Occupation Period (MOP) of 5 years
    • You, your spouse or an essential occupier have not yet met a current EC’s Minimum Occupation Period (MOP) of 5 years + 30 months from date of EC disposal
    • For a divorce case
      • If you are divorced and your ex-spouse is an existing owner of (i) a flat bought from HDB, (ii) a DBSS flat or EC unit bought from Developer, or (iii) an HDB resale flat bought under the CPF Housing Grant Scheme, you must wait out a 3-year period from the date the divorce is finalised before you can apply to buy an EC unit or be listed as an occupier.
      • The requirement to seek ex-spouse’s consent during the 3-year period is waived if you apply with your parents or new spouse or be listed as an occupier in their application to buy an EC unit.
      • The requirement to seek ex-spouse’s consent during the 3-year period is also waived if all the children are below the age of 18 at the date of divorce and he/she has the legal custody, care and control of all the children.
    • If you booked a new HDB flat and subsequently cancel your booking, you must wait out a 1-year period from the date of the cancellation before you can apply or be listed as an essential occupier of a new EC
    • If you had previously bought a DBSS flat/ EC using a CPF Housing Grant and subsequently terminated the Sale and Purchase Agreement, you must wait out a 5-year period from the date of the termination before you can apply or be listed as an essential occupier of an EC.

Why EC buyers must meet HDB’s EC Eligibility Conditions?

EC buyers must meet the EC Eligibility Conditions in order to buy a New Launch EC from private developer or to buy a Resale EC from the open market.

Apparently the New HDB EC Launch in Singapore that offers a very attractive and affordable pricing (at about 20-30% discount compared to nearby New Launch Private Condo), and comparable if not better facilities to a private condo, it is definitely something to consider and worthwhile to have, especially if you are eligible for it! You may want to find out more EC benefits here.

The better quality lifestyle, potential higher capital appreciation, potential higher return on investment, … All these lead to more and more people eyeing on EC. To ensure a fair housing system in place, rigorous EC eligibility conditions on buying EC in Singapore is unavoidable.

EC Eligibility Conditions For Buying EC From Open Market

EC Executive Condominium owners who have occupied their EC and met the 5-year minimum occupation period (MOP) can sell their EC in the open market. The 5-year MOP is computed from the date of issuance of Temporary Occupation Permit (TOP) in respect of each EC.

After the 5-year MOP, from 6th to 10th year, EC can be sold in the open market to those who can meet the following eligibility conditions.

  • Citizenship – You must be a Singapore Citizen (SC) or a Singapore Permanent Resident (SPR) in order to buy a EC in the 6th to 10th year occupation period
  • Family Nucleus – You need not form a family nucleus to buy a EC from the open market.
  • CPF Housing Grant – Buyers of resale EC are not eligible for CPF Housing Grant as such EC is treated as equivalent to “private housing”

From 11th year, all restrictions will be lifted. Foreigners and corporate bodies can buy EC Executive Condominium in the open market from 11th year of the EC project.

Procedure to Buy EC from Open Market

You can look for an EC in the open market and complete the resale transaction at your solicitor’s office since it is considered a private property.

Call Joanne Ng at
+65 9151 1871
for Showflat Viewing Arrangement Today!

No Matter Of Which Residential Property You Are Interested In …

We will always put your benefits in the top priority.

Call +65 9151 1871 Now